Finance Homeowners

Mortgage Activity Drops as Interest Rates Rise

Mortgage activity in the U.S. dropped by 3 percent and refinancing activity dropped by 5 percent as interest rates rose on long-term loans, the Mortgage Bankers Association said Wednesday.

Fannie Mae Lists Top Servicers

Fannie Mae has released its latest ranking of mortgage servicers based on foreclosure avoidance, liquidation efficiency and how they move seriously delinquent borrowers out of 90-day delinquency.

Home Prices Make Modest Gains

The S&P/Case-Shiller report showed home prices headed higher in June in all 20 monitored markets, but some gains slowed, Standard & Poor's said Tuesday.

Wash. State Seeks Fines Against Mortgage Transmitter

The Washington State Department of Financial Institutions issued a statement of charges against Nationwide Biweekly Administration Inc.

Existing Home Sales Continued to Rise in July

Sales of existing U.S. homes rose 6.5 percent from June and prices are up 13.7 year over year, the National Association of Realtors said Wednesday.

Mortgage Rates Mixed in Week, Freddie Mac Says

Average U.S. mortgage rates for long-term loans were little changed in the week ending Thursday, the Federal Home Loan Mortgage Corp. said.

Home Loan Costs Go Up

U.S. mortgage originator fees are averaging 8 percent more this year than in 2012, according to a new report on closing costs.

Southern California Home Prices Hit New Highs

Home prices in Southern California soared a record 28.3 percent in June from a year earlier, as buyers bought more expensive properties, foreclosure sales continued to fall and inventory remained tight.

California Home Prices Soar

California housing prices increased by more than 30 percent in June, with inventory rising in an encouraging sign for the market.

Real Estate Sector Sees Jobs Increase

Jobs in real estate finance were up from a month earlier, when the total was an upwardly revised 293,000 people in the business.

Mortgage Activity Slows as Interest Rates Rise

Mortgage activity declined sharply last week as interest rates hit a two-year peak, the Mortgage Bankers Association said Wednesday.

Mortgage Rates Dip but Remain Higher Than a Year Ago

Mortgage rates ticked down this week following last week's big jump, but are still much higher than a year ago, Freddie Mac reported Wednesday.

Business at Freddie Falls, Delinquency Improves

New business at the Federal Home Loan Mortgage Corp. fell to the lowest level this year, but delinquency, already at a four-year low, improved.

Mortgage Rates Take a Dip

Mortgage rates fell this week for the first time in seven weeks, Freddie Mac reported Thursday, with the a 30-year fixed averaging just under 4 percent.

Home Builders Have Positive Outlook

More U.S. home builders viewed business conditions favorably than unfavorably for the first time in more than seven years in June, a trade group said.

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